Tencent-Backed 58.com Acquires Chinese Real Estate Listing Site

TODAY: March 2, 2015 PUB DATE: March 2, 2015

By Juro Osawa 58.com Inc., the Chinese equivalent of Craigslist Inc. backed by Internet giant Tencent Holdings Ltd., said Monday it had acquired an online real estate listing site for about $267 million, the latest deal in China's fast-growing market ...

China's Manufacturing Gauge Rises in February

TODAY: March 2, 2015 PUB DATE: March 2, 2015

BEIJING--A gauge of China's factory activity improved in February, reflecting stronger output and domestic demand but the outlook for exports remained dim. The HSBC China Manufacturing Purchasing Managers" Index rose to a final reading of 50.7 in February from 49.7 ...

Actavis Readies Big Bond Deal

TODAY: March 2, 2015 PUB DATE: March 2, 2015

By Mike Cherney Pharmaceutical company Actavis PLC is expected to sell more than $20 billion in bonds as early as this week, a deal that would rank as the second-largest corporate bond ever and further propel bond sales this year ...

Indonesia Inflation Eases in February on Lower Prices of Fuel, Spices

TODAY: March 2, 2015 PUB DATE: March 2, 2015

By I Made Sentana and Deden Sudrajat JAKARTA--Indonesia's inflation continued to ease in February thanks to lower fuel and spice prices. The official Central Statistics agency said Monday year-on-year inflation in February was 6.29%, slowing from 6.96% in January. Prices ...

China Rate Cut Boosts Shanghai, Hong Kong

TODAY: March 2, 2015 PUB DATE: March 2, 2015

An earlier-than-expected rate cut by China boosted stocks in Hong Kong and Shanghai Monday, ahead of an annual gathering in Beijing where the government is expected to set a lower growth target for the year. The Hang Seng Index was ...

Japan Capex Still Sluggish MOF Survey Shows

TODAY: March 2, 2015 PUB DATE: March 2, 2015

TOKYO--Business investment in Japan remained sluggish in the October-December quarter, a finance ministry survey showed Monday, as the economy struggles to gain momentum following a tax-induced recession last year. The quarterly survey of about 23,000 Japanese firms showed that capital ...

Indonesia HSBC Manufacturing PMI 47.5 in February Vs. 48.5 in January

TODAY: March 2, 2015 PUB DATE: March 2, 2015

By I Made Sentana JAKARTA, Indonesia--HSBC's manufacturing Purchasing Managers' Index for Indonesia fell to a record low of 47.5 in February from 48.5 in January, with the near-term outlook remaining "a little underwhelming," HSBC said. A reading below 50 in ...

China's Rate Cut Renews Economic Concerns

TODAY: March 2, 2015 PUB DATE: March 2, 2015

By Lingling Wei BEIJING--A surprise rate cut by China's central bank underscores the increasingly aggressive measures the leadership is relying on to rev up activity in the world's second-largest economy. The rate cut shaved a quarter of a percentage point ...

China's Manufacturing Gauge Strengthens in February

TODAY: March 2, 2015 PUB DATE: March 2, 2015

BEIJING--A gauge of China's factory activity improved in February, reflecting stronger output and domestic demand but the outlook for exports remained dim. The HSBC China Manufacturing Purchasing Managers' Index rose to a final reading of 50.7 in February from 49.7 ...

Dollar Hit 3 Week High Against Yen But Top Heavy Before U.S. Data

TODAY: March 2, 2015 PUB DATE: March 2, 2015

By Hiroyuki Kachi The dollar hit a three-week high against the yen in Asian trade Monday, but it was unable to break above the psychologically-important Y120-mark with investors wary about a slew of U.S. economic indicators and events later this ...

Oil Eases in Asian Trade, Posts Strong February Gains

TODAY: March 2, 2015 PUB DATE: March 2, 2015

By Eric Yep Crude-oil futures slipped in Asian trade Monday but remained strong after ending February on a solid note that helped oil markets snap a seven-month losing streak. Oil market observers are assessing U.S. supply and demand fundamentals, and ...

NXP, Freescale Agree to Merger -- 4th Update

TODAY: March 2, 2015 PUB DATE: March 2, 2015

By Dana Mattioli and Gillian Tan NXP Semiconductors NV and Freescale Semiconductor Ltd. have agreed to merge in a deal that values Freescale at $11.8 billion and which would create a combined company with a market value of more than ...

U.S. Stocks Rally on Robust Retail Sales

TODAY: March 2, 2015 PUB DATE: March 1, 2015

By Corrie Driebusch U.S. stocks rallied on Thursday after data showed that retail sales posted the biggest jump in eight months in November. The Dow Jones Industrial Average climbed 213 points, or 1.2%, to 17746. The S&P; 500 added 27 ...

U.S. Oil Prices Rise Off Multiyear Lows

TODAY: March 2, 2015 PUB DATE: March 1, 2015

By Nicole Friedman NEW YORK--Oil prices rallied Wednesday as traders closed out positions following a dramatic plunge in prices in recent months. Light, sweet crude for January delivery recently rose $2.12, or 3.8%, to $58.05 a barrel on the New ...

MARKET SNAPSHOT: Jobs Report Key For Investors In Week Ahead

TODAY: March 2, 2015 PUB DATE: March 1, 2015

By Wallace Witkowski, MarketWatch Devil is in details of jobs report to push Fed to raise rates SAN FRANCISCO (MarketWatch) -- Investor attention turns to the latest jobs report this week along with a slew of other economic data. Stocks ...

Correction to China New Homes Prices Article on Saturday

TODAY: March 2, 2015 PUB DATE: March 1, 2015

On an annual basis, average new-home prices fell 3.8% in February. "China New-Home Prices Fall in February Vs. January," at 1042 GMT and 1046 GMT, incorrectly stated the figure was for January in the third paragraph. (END) Dow Jones Newswires ...